Business News
New Zealand stock market down 2.2 per cent to three-year low
Jul 3, 2008, 6:37 GMT
Wellington - The New Zealand share market's benchmark index of top 50 stocks fell 69 points, or 2.2 per cent, Thursday to 3094.4, a new three-year low.
Analysts said the index was now down 13 per cent since June 2 and 28 per cent off its peak.
The share price of the nation's biggest company, Telecom New Zealand, slumped to a 15-year low and other major stocks also fell to their lowest points in years.
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